GreyBrook logotype
Investor Login Contact Us

Boardroom Brief: EP. 03 – Ontario’s New Provincial Planning Statement, 2024: What Impact Will it Have?

Date:
October 23, 2024
Share:

On October 20th, 2024, the Ontario government’s Provincial Planning Statement, 2024 (PPS 2024) came into effect, aiming to streamline the province’s land use planning framework. This new policy replaces both the Provincial Policy Statement, 2020, and A Places to Grow: Growth Plan for the Greater Golden Horseshow, 2019. It serves as a crucial planning tool designed to simplify existing policies while introducing key changes to support the province’s ambitious goal of building at least 1.5 million homes by 2031. These changes include policies focused on facilitating the development of employment land and enabling municipalities to unlock additional land for development.

In this episode, Alex Nisenker, VP of Private Capital Markets, sits down with CEO Sasha Cucuz to explore the implications of these policy changes on the development landscape. They delve into the critical question: Will these changes be enough to address Ontario’s current housing challenges? They also discuss how these changes will impact our firm and the broader industry’s ability to deliver more housing. Beyond the policies themselves, they examine the challenges that must be overcome to accelerate housing supply, and the role the private sector plays in driving this dynamic.

  • Assessing the impact of recent policy changes on ongoing industry challenges
  • Highlighting the significance of effective collaboration, technical expertise, and efficient resource allocation among various stakeholders, including different levels of government, for the successful implementation of PPS 2024
  • Examining the role of the private sector in working with the municipal and provincial governments to drive progress and address market gaps, particularly in housing scarcity
  • Drawing insights from past policy reforms that have led to meaningful outcomes

 

Listen On:
   
Spotify | YouTube

Latest Insights

Boardroom Brief: EP. 05 – Trump, Tariffs & Trade Tensions: What the Potential U.S. Tariffs Could Mean for the Real Estate Market

Insights
February 5, 2025

The prospect of a trade war that could disrupt the North American economy is on hold – for now. U.S. President Donald Trump has agreed to delay imposing 25% tariffs on Canada and Mexico for 30 days, easing immediate concerns…

The Elser Hotel & Residences Miami is Over 95% Sold

Portfolio Updates
January 28, 2025

The Elser Hotel & Residences continues to meet the demand of Miami’s evolving real estate market, with over 95% of its units now sold. Its exceptional amenities, prime location, and attractive hotel rental model remain key drivers, drawing discerning owners…

Sasha Cucuz Joins the Latest Episode of beyond MD to Discuss What Factors Impact Returns When Investing in Real Estate Development

Multi-media
January 24, 2025

Sasha Cucuz, CEO of Greybrook Securities, recently appeared in Episode #83 on the beyond MD podcast. Hosted by Dr. Yatin Chadha, a radiologist based in Toronto, this popular podcast aims to enhance financial literacy among Canadian professionals, namely physicians, dentists, and…

Miami’s Iconic Waldorf Astoria Hotel & Residences Rises as Vertical Construction Reaches New Heights

Portfolio Updates
January 22, 2025

The advancement of vertical construction marks a significant milestone for the iconic Downtown Miami residence, which will set a new standard in luxury condominium living and architectural design in the renowned city. Beyond its striking 9-staggered cube silhouette, the one-of-a-kind…

All Units Sold and Closed at Stockyards District Residences

Portfolio Updates
January 21, 2025

We are delighted to announce the successful sales and closings of all residential and commercial inventory at our Stockyards District Residences. This achievement signifies a major milestone for the project. With only a limited number of parking spots and lockers…

2024 Year-In-Review: Highlight Reel

Company News
January 16, 2025

As we reflect on the last year, we proudly celebrate our team’s achievements across our organization and diverse portfolio of over 110 projects. In 2024, we remained focused on driving progress and adapting to shifting market dynamics, demonstrating our commitment…

Greybrook Invests $42,000,000 in a Residential Development Project with Treasure Hill in Markham, Ontario

Portfolio Updates
December 20, 2024

On December 20th, Greybrook successfully closed on a $42,000,000 investment completed by its managed issuer. The funds will be used to acquire and oversee the development of a prime parcel of land located at the intersection of Warden Avenue &…

Greybrook Proudly Supports the Revitalization of Cambridge’s Preston Memorial Auditorium 

Company News
December 10, 2024

Greybrook is proud to share our support towards the revitalization of The City of Cambridge’s Preston Memorial Auditorium. This contribution will play a crucial role in the ongoing renovation and expansion of the recreational facility, which will continue to serve…

Highlights From Velo Blu 2024

Company News
December 9, 2024

This past fall, the 5th Annual Velo Blu charity ride for Blu Genes took place, bringing together over 140 participants and raising more than $400,000 for gene therapy research. Set at Peller Estates Winery, this unforgettable event highlighted the power of community…

Lindsay Heights Unveils 6 Designer-Decorated Showhomes

Portfolio Updates
November 29, 2024

Since its launch last October, the low-rise, master-planned community—developed in partnership with Tribute Communities—has continued to attract interest from prospective buyers eager to experience the small-town charm of Lindsay. Now, with the grand opening of the showhomes, buyers have the…

All Posts

Join our newsletter and keep up to date with our news & insights

Contact us